Your source for construction industry news in the Carolinas
The American Institute of Architects (AIA) today reported that architecture firm billings rose for the sixth consecutive month in March, although the pace of growth slowed modestly from February. Overall, the AIA’s Architecture Billings Index (ABI) score for March was 51.0 (any score over 50 indicates billings growth), which still reflects a healthy business environment….
As a result of the Tax Cuts and Jobs Act passed in December 2017, 55 percent of Associated Builders and Contractors (ABC) contractor members plan to hire more employees, and 52 percent plan to invest in workforce development, according to a recent poll. In addition, 90 percent of member companies say employees have seen an…
Associated Builders and Contractors (ABC) and the U.S. Veterans Business Alliance (USVBA) recently signed a memorandum of understanding to collaborate on expanding the participation of veteran and disabled veteran businesses in the merit shop construction industry. “ABC members are committed to achieving a fully inclusive and culturally competent workforce that is welcoming to all people,…
Commercial and industrial construction contractors entered 2018 with abundant confidence regarding sales and staffing levels for the next six months, according to the latest Construction Confidence Index (CCI) released by Associated Builders and Contractors (ABC). All three components surveyed—sales, profit margins and staffing levels—remained well above 50 in the diffusion index, signaling ongoing progress. But…
CEMEX Ventures (NYSE: CX) announced today the launch of the 2018 Construction Startup Competition, an initiative which aims to find startups looking to lead the transformation of the construction industry. Under the slogan “Lead the disruption, join us,” CEMEX Ventures, CEMEX’s open innovation and venture capital unit, presents its second open call which will be…
NAIOP, the Commercial Real Estate Development Association, has released the NAIOP CRE Sentiment Index for Spring 2018, a composite of nine survey questions that represents the outlook of commercial real estate developers, owners and investors. NAIOP Sentiment Index The Index of 0.46 indicates that respondents believe, as a group, that overall market conditions 12 months…
The Site Selectors Guild (SSG), the association of the world’s leading corporate location advisors, elected a new board and unveiled a new visual identity at the organization’s 2018 Annual Conference in Cincinnati, Ohio in March. Along with the election of new board members, Didi Caldwell was elected chairman of the board. Caldwell has been a…
The construction industry is experiencing a labor shortage. With the 4% unemployment across the country, it’s not the only industry suffering. It means that finding skilled laborers will be difficult or impossible for many companies. Another way to get the skilled laborers you need is through apprenticeships or on the job training for construction workers….
Prices for inputs to construction materials expanded 0.8 percent in March and are 5.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. Prices for nonresidential construction inputs increased 0.9 percent on a monthly basis and…
RBC Aerostructures, a provider of control rods and precision machined parts to aerospace and defense customers, is expanding its existing Oconee County operations. The company’s $3.8 million investment is expected to create 22 new jobs over the next five years. “The opportunities to expand our business and create job growth have been many since moving…
